Scotiabank Financial Advisor Reviews | Glassdoor.ca

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Scotiabank Financial Advisor Reviews

Updated 23 April, 2019
166 reviews

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Financial Advisor

3.2
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
88 Ratings

Employee Reviews

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Pros
Cons
  • "Long hours - difficult to maintain work life balance" (in 77 reviews)

  • "Can't work full time for CR position" (in 42 reviews)

More Pros and Cons

  1. "Amazing culture and environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Ottawa, ON
    Current Employee - Financial Advisor in Ottawa, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (Less than a year)

    Pros

    Book of business provided to you, salary for a new grad, and work environment

    Cons

    Hour long lunches is unnecessary. Would prefer flexible lunches

    Advice to Management

    Please allow employees to choose between 30 min or one hour lunches!


  2. "Small Business Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor, Small Business in Yorkton, SK
    Former Employee - Financial Advisor, Small Business in Yorkton, SK
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank full-time (More than a year)

    Pros

    Great atmosphere, great benefits, friendly people

    Cons

    No room for much advancement

  3. "Review of FA position"

    StarStarStarStarStar
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    I have been working at Scotiabank full-time

    Pros

    Good growth opportunities and Great management

    Cons

    Aggressive sales targets
    Pressure to sell


  4. "Financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Edmonton, AB
    Current Employee - Financial Advisor in Edmonton, AB
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than a year)

    Pros

    Great coworkers and pays not horrible

    Cons

    Way to much maintenance

    Advice to Management

    More administrative staff


  5. "Senior Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor
    Current Employee - Senior Financial Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 3 years)

    Pros

    Good teams to work with. Good coaching. Growth environment.

    Cons

    High demand to achieve goals week over week.

    Advice to Management

    Better compensation structure which can lock bonuses into quarters that focus on all activities.


  6. "General"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Toronto, ON
    Current Employee - Financial Advisor in Toronto, ON
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than a year)

    Pros

    Stable and big company with many options

    Cons

    Low Salaries and low compensation

    Advice to Management

    Raise Salaries and company events


  7. "Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Sarnia, ON
    Current Employee - Financial Advisor in Sarnia, ON
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (Less than a year)

    Pros

    Cash incentive for goals is quite large.

    Cons

    Goals are structured and accrued oddly.

  8. "Senior Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor in Edmonton, AB
    Current Employee - Senior Financial Advisor in Edmonton, AB
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 3 years)

    Pros

    Great pay for sure. Makes it hard for me to leave Scotiabank and explore other banks. I'm fortunate to still be part of the Hybrid Pension plan with DB and DC. New Hires are now just purely DC. They know how to give recognition who deserves it and worthy of promoting. I'm the living proof that as long as you are highly knowledgeable with what you do and you have good communication skills, meaning good in oral and written english, people will love you. :)

    Cons

    Scotiabank keeps hiring people who lacks proper english communication skills. I often get clients complaining to me about their experience with a different financial advisor because of their poor communication skills.

    Advice to Management

    Recruitment Team should up their game, and hire better candidates based on situational cases. They keep hiring trashy financial advisors.


  9. "Financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Calgary, AB
    Current Employee - Financial Advisor in Calgary, AB
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than a year)

    Pros

    Great work environment
    Proper training before meeting clients

    Cons

    Not too many things i can think of


  10. Helpful (2)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON
    Former Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend

    I worked at Scotiabank full-time (More than 3 years)

    Pros

    There are some wonderful people working at Scotiabank and the retail branches were great to work at.

    Cons

    The goals were raised to unreachable levels, support staff were laid off, you don’t have enough time in the day to sell everything expected and do the paperwork so you must stay at least an hour extra unpaid daily just to get your work done. With goals being so high, some people will cheat to achieve them and sign people up for things unknowingly or give them products other than what they asked for. This makes it look like the honest employees don’t work hard enough.

    Advice to Management

    Take an honest look at what you expect from your employees. When you ask for too much, don’t be surprised when customers are lied to, and people come up with sneaky tricks to beat the system.